Hi,

How many years does an account that was paid off in full take to "drop off"? 3 years or 6 years?

When I was yonger I thought that the terms of my OSAP student loan and my "regular bank" student loan included the same 6 month grace period. I was wrong and now a big nasty mark on my credit report.

Bank A
Phone Number: (xxx)xxx-xxxx High Credit/Credit Limit: Not Available

Account Number: XXX...xxx Payment Amount: Not Available

Association to Account: Individual account BalanceAmount: $0.00

Type of Account: Installment Past Due: Not Available

Date Opened: 2004-09 Date of Last Activity: 2006-11

Months Reviewed: Date Reported: 2007-05

Status: Bad debt, collection account or unable to locate

Payment History: No payment 30 days late
No payment 60 days late
No payment 90 days late

Prior Paying History: At least 120 days past due ( 2006-11 )

Two payments past due ( 2006-10 )

One payment past due ( 2006-09 )

Comments: Account paid
Update freeze requested by credit grantor

I paid off the entire amount outstanding.

How long will the "update freeze requested by credit grantor" last? Any thoughts on how to improve my situation?

Thank you!

Amanda